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financial institutions (IFIs). For multilateral development banks like the World Bank, their central mission, the promotion of … growth and the reduction of poverty, is clear. The steps toward fulfilling this mission in a changing world are also … our thinking both on why we have IFIs in the first place, and the role that they should play in a changing world. …
Persistent link: https://www.econbiz.de/10010273273
- the advent of a radically different world economy, and the explosion of the world's population. As these forces are … unleashed, the world's nation-states - weakened by their increasingly unhelpful territorial and hierarchical constructs - will …
Persistent link: https://www.econbiz.de/10010273275
in all of its member countries, not only in its poorer members. It does lend throughout the world, but most of its … lending is within the European Union (EU). A significant share is within some of the world's wealthiest countries. There is …
Persistent link: https://www.econbiz.de/10010273276
Today there are many questions about the nature and the future of the so-called 'new economy'. The term 'new economy' itself has acquired a variety of quite different connotations. For many commentators, it continues to refer primarily to the altered macroeconomic performance of the US economy...
Persistent link: https://www.econbiz.de/10010273317
This paper discusses the different functions that capital markets and banks have in economic development, and it reviews the debate about marketbased vs. bank-based financial systems. Using data for a sample of 40 countries over the period 1975-98, the paper then shows that variation in both...
Persistent link: https://www.econbiz.de/10010273331
oil prices. Although all approaches provide useful insights on how the world oil market functions, they suffer from major …
Persistent link: https://www.econbiz.de/10010273371
China's engagement in the so-called international fragmentation of production - namely cross-border dispersion of component production/assembly within vertically integrated manufacturing industries - has become an increasingly important form of its economic integration into the regional as well...
Persistent link: https://www.econbiz.de/10010273445
During the last two decades a number of emerging economies have become deeply engaged in technology-intensive production. This has been reflected in their international trade specialization shifting from labour-intensive goods towards capital-intensive ones, and in rapid productivity gains...
Persistent link: https://www.econbiz.de/10010273448
Improved governance and lower start-up costs may not be sufficient for encouraging the type of entrepreneurship that matters for economic growth. Using panel data on 60 countries spanning the period 2003-07 this paper establishes that (i) opportunitymotivated entrepreneurship (as opposed to...
Persistent link: https://www.econbiz.de/10010273479
world if the determinants of health had continued developing over these decades as they did over 1960-80. The results …
Persistent link: https://www.econbiz.de/10010273481